Currency futures were weak on Monday after a difficult week amid rising global yields. Meanwhile, the dollar extended last week’s gains as demand for US assets rose. At the same time, traders are scrambling for safety in the dollar as global bonds plunge and geopolitical risks rise. The increased demand overshadowed a drop in bets Read More…
Currency futures edged lower on Monday as the dollar resumed its rally after Trump rejected Iran’s proposal. Talks at the UN only revealed heated tensions between the US and Iran, sending oil prices higher. With this, inflation concerns increased, and Fed rate hike expectations jumped, boosting the greenback. Meanwhile, other major currencies like the euro Read More…
Currency futures pulled back on Monday as the dollar strengthened with market focus returning to US monetary policy. Meanwhile, oil prices extended last week’s declines as supply concerns eased. Saudi Arabia has made efforts to continue supplying oil despite the damage to a major pipeline that bypasses the Strait of Hormuz. Bloomberg dollar index (Source: Read More…
Currency futures were down on Monday as the dollar strengthened ahead of the FOMC policy meeting. Recent economic data and developments in the Middle East have boosted bets on a Fed rate hike on Wednesday. Market participants are also gearing up for policy decisions by the Bank of Japan and the Bank of England. The Read More…
Currency futures edged higher on Monday as the dollar struggled to hold Friday’s gains, as the US marked Labor Day. The non-farm payrolls report out last week revealed robust job growth, beating forecasts and increasing expectations for a Fed rate hike. At the same time, inflation worries intensified as Middle East tensions worsened last week. Read More…
Currency futures were subdued on Monday as the dollar remained elevated after Friday’s rally. The greenback soared after the Fed Chair’s comments increased rate hike expectations.
